OpenAI CEO answers questions from FOX Business’ Hilary Vaughn ahead of Senate event.
OpenAI CEO Sam Altman has announced a multi-trillion dollar project aimed at ramping up production of the powerful semiconductors needed to run advanced artificial intelligence programs like his company’s ChatGPT. The company is reportedly courting investors around the world to raise funds.
According to a person familiar with the matter, wall street journal Thursday’s report said Altman is seeking to transform global chip manufacturing and accelerate the development of advanced AI with the initiative, which sources said would cost between $5 trillion and $7 trillion. It is said that it is possible to reach.
Sam Altman, CEO of OpenAI, spoke during a panel session on the third day of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, January 18, 2024. (Stefan Vermes/Bloomberg via Getty Images/Getty Images)
In recent weeks, Altman has met with investors in the United Arab Emirates and the CEO of SoftBank about financing the project, and has also held discussions with chipmakers including Taiwan Semiconductor Manufacturing Co. (TSMC), the report said.
Altman’s funding plan is aimed at solving constraints to OpenAI’s growth, including a lack of AI chips needed to train large-scale language models behind systems like ChatGPT, the magazine reported. Ta.
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The Semiconductor Industry Association (SIA) expects global chip sales to rise 13.1% this year to $595.3 billion, but sales in 2023 will decline by about 8%.
Microsoft CEO Satya Nadella speaks at the OpenAI DevDay event on November 6, 2023 in San Francisco, California. OpenAI CEO Sam Altman gave the keynote at his first-ever Open AI DevDay conference. (Justin Sullivan/Getty Images/Getty Images)
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Altman’s efforts to raise capital to expand chip manufacturing are benefiting from tech giant Microsoft, which is OpenAI’s majority owner, the report said. Microsoft declined to comment on the report when contacted by FOX Business.
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| MSFT | Microsoft Corporation | 414.11 | +0.06 | +0.01% |
Altman also met with U.S. Secretary of Commerce Gina Raimondo to discuss the initiative, the newspaper said.
U.S. Secretary of Commerce Gina Raimondo speaks at a broadband event at the White House on June 26, 2023 in Washington, DC, USA. ((Photo Credit: Celal Gunes/Anadolu Agency via Getty Images) / Getty Images)
No OpenAI or Sec. Raimondo’s office immediately responded to FOX Business’ request for comment on the report, but an OpenAI spokesperson provided a statement to Barron’s.
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“OpenAI has had productive discussions about expanding our global infrastructure and supply chains for chips, energy, and data centers, which are critical to AI and other industries that depend on it,” the spokesperson said. This is written in the person’s statement. “Given the importance of national priorities, we will continue to keep the U.S. government informed and look forward to sharing further details at a later date.”
Reuters contributed to this report.
